Stock Quotes in this Article: LDK, STP

WINDERMERE, Fla. (Stockpickr) -- At Stockpickr, we track daily portfolios of stocks that are the biggest percentage gainers and the biggest percentage losers.

Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent earnings release. Sometimes stocks making big moves have been hit with an analyst upgrade or an analyst downgrade.

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Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits. If you time your trade correctly, combining technical indicators with fundamental trends, discipline and sound money management, you will be well on your way to investment success.

With that in mind, let's take a closer look at a several stocks under $10 that are making large moves to the upside today.

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LDK Solar

LDK Solar (LDK), a solar module manufacturer, sells multicrystalline and monocrystalline wafers globally to manufacturers of solar cells and modules. This stock is trading up 7.6% to $1.98 in recent trading.

Today’s Range: $1.77-$2.02

52-Week Range: $0.71-$6.80

Volume: 3.13 million

Three-Month Average Volume: 2.54 million

From a technical perspective, LDK is showing a continuation move here with above-average volume after the stock exploded off its 50-day moving average of $1.59 two trading sessions ago. This move is quickly pushing shares of LDK within range of triggering a major breakout trade. That trade will hit if LDK manages to take out some near-term overhead resistance levels at $2.10 to $2.32 and then once it clears some past resistance at $2.36 with high volume.

Traders should now look for long-biased trades in LDK as long as it’s trending above its 50-day at $1.59 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.54 million shares. If that breakout hits soon, then LDK will set up to re-test or possibly take out its next major overhead resistance levels at $3 to $3.34.

Suntech Power

Suntech Power (STP), a solar energy company, designs, develops, manufactures and markets a number of PV cells and modules, including a range of value-added building-integrated photovoltaics products. This stock is trading up 6.6% to $1.60 in recent trading.

Today’s Range: $1.50-$1.62

52-Week Range: $0.71-$3.93

Volume: 3.58 million

Three-Month Average Volume: 3.98 million

From a technical perspective, STP is ripping higher here right above its 50-day moving average of $1.45 with solid volume. The 50-day for STP has recently crossed back above its 200-day moving average, which is a bullish technical development. Shares of STP are now quickly moving within range of triggering a near-term breakout trade. That trade will hit if STP manages to clear some near-term overhead resistance levels at $1.69 to $1.78 and then once it takes out $1.83 with high volume.

Traders should now look for long-biased trades in STP as long as it’s trending above its 50-day at $1.45 and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.98 million shares. If that breakout hits soon, then STP will set up to re-test or possibly take out its next major overhead resistance levels at $1.95 to $1.99. Any high-volume move above $1.99 will then put $2 to $2.14 into range for shares of STP.

To see more stocks that are making notable moves higher today, check out the Stocks Under $10 Moving Higher portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including

CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.